Akme Fintrade India Limited IPO
MainboardNon Banking Financial Company (NBFC)
Listed On: Jun 26, 2024 at ₹ 127.0(NSE)
₹ 15000 /125 Shares
Check Allotment19 Jun, 2024
Open Date21 Jun, 2024
Close Date24 Jun, 2024
Allotment Date26 Jun, 2024
Listing DatePrice Summary
Last Closing
6.74 (-94.38%)52 Week High
10.5952 Week Low
6.42Last Update
17-Dec-2025 3:30 PMAkme Fintrade India Limited IPO Issue Details
- Issue Price ₹114-120 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 1,10,00,000 shares(aggregating up to ₹132 crore)
- Fresh Share 1,10,00,000 shares(aggregating up to ₹132 crore)
- Listing at BSE, NSE
- List Price 127.0(NSE)
- Listing Date 2024-06-26
- Lead Manager Gretex Corporate Services Limited
- Registrar Bigshare Services Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 125 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 125 | ₹15,000 |
| Retail(max) | 13 | 1625 | ₹1,95,000 |
Akme Fintrade India Limited IPO Reservation
Akme Fintrade India Limited IPO offers total 11,000,000 shares. Out of which 2,090,000 (19%) allocated to QIB, 1,567,500 (14.25%) allocated to NII,3,657,500 (33.25%) allocated to RII, 550,000 (5%) allocated to employees and 3,135,000 (28.5%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 3,135,000 (28.5%) | |
| QIB Shares Offered | 2,090,000 (19%) | |
| NII (HNI) Shares Offered | 1,567,500 (14.25%) | |
| bNII > ₹10L | 1,045,000 (9.5%) | |
| sNII < ₹10L | 522,500 (4.75%) | |
| Retail Shares Offered | 3,657,500 (33.25%) | |
| Employee Shares Offered | 550,000 (5%) | |
| Total Shares Offered | 11,000,000 (100%) |
Akme Fintrade India Limited IPO Details
Akme Fintrade India Limited IPO is a book-built issue of ₹132 crores, The total issue size is ₹132 crores. The IPO of Akme Fintrade India Limited is priced at ₹114-120 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Jun 19, 2024 and ends on Jun 21, 2024. The allotment for Akme Fintrade India Limited IPO will be finalized on Jun 24, 2024. Akme Fintrade India Limited IPO will be listed on BSE, NSE, with a tentative listing date fixed as Jun 26, 2024. The company shall list its equity shares on the BSE, NSE. Bigshare Services Pvt Ltd is the registrar of the issue.
Retail investors can bid for a minimum of 125 shares, extendable to 15,000. The book-running lead manager for the IPO is/are Gretex Corporate Services Limited.
The total issue ₹132 crore, comprising a fresh issue of 1,10,00,000 shares ₹132 crore
The Akme Fintrade India Limited IPO sets its price band at 114-120 for each share. A single application for Akme Fintrade India Limited IPO must contain at least 125 shares. Sentiment investors need to invest a minimum of 125 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹15,000
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Akme Fintrade India Limited IPO Subscription Analysis And Details
| As on | QIB | NII
bNII sNII |
Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 2,090,000 |
1,567,500
1,045,000 522,500 |
3,657,500 | 7,865,000 |
|
Day 1
19-06-24 05:00 PM
|
0.02 x |
5.15
4.33 x 6.80 x |
4.18 x | 3.01 x |
|
Day 2
20-06-24 05:00 PM
|
0.17 x |
22.22
18.04 x 30.58 x |
15.16 x | 11.63 x |
|
Day 3
21-06-24 05:00 PM
|
28.12 x |
129.17
121.56 x 144.40 x |
42.98 x | 54.57 x |
Akme Fintrade India Limited Valuations
Akme Fintrade India Limited Company Financials
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 390.50 | 374.01 | 455.40 |
| Revenue | 69.57 | 67.50 | 86.79 |
| Profit After Tax | 15.80 | 4.12 | 16.31 |
| Net Worth | 204.78 | 136.84 | 130.26 |
| Reserves & Surplus | 173.11 | 115.03 | 108.45 |
| Total Borrowing | 177.76 | 230.06 | 317.82 |
About Akme Fintrade India Limited Company
Akme Fintrade India Ltd is a non-banking financial company (NBFC) with over 20 years of experience in lending to rural and semi-urban areas in India.
The company mainly provides lending solutions tailored to the needs and aspirations of rural and semi-urban populations. Its portfolio comprises Vehicle Finance and Business Finance Products for small business owners.
The company operates in rural and semi-urban areas across four Indian states - Rajasthan, Maharashtra, Madhya Pradesh, and Gujarat. It has a registered office in Udaipur, Rajasthan, and a Corporate Office in Mumbai, Maharashtra. With 12 branches and over 25 points of presence, including digital and physical branches, it has served over 200,000 customers.
The company finances the purchase of new two-wheelers and three-wheelers, such as scooters, motorcycles, and auto rickshaws, for salaried professionals and self-employed non-professionals.
The company has 125 permanent employees as of December 31, 2023, and prioritizes their overall welfare.
Akme Fintrade India Limited - Promoter(s)
Nirmal Kumar Jain
Manju Devi Jain
Dipesh Jain
Nirmal Kumar Jain HUF
Pre Issue Share Holding : 56.01%
Post Issue Share Holding : N/A%
Akme Fintrade India Limited IPO - Issue Objectives
The company proposes to utilize the Net Proceeds from the Issue towards augmenting the capital base of the company to fulfil its future capital requirements, which are anticipated to arise as a result of the expansion of the business and assets. Further, a portion of the proceeds from the Issue will be used towards meeting Issue-related expenses.
Akme Fintrade India Limited IPO - Anchor Investors
Akme Fintrade collects Rs 38 crore from anchor investors.
The anchor investors who have been allocated shares are 3 Sigma Global Fund, Zeal Global Opportunities Fund, SB Opportunities Fund 1 and Vikasa India EIF Fund 1
Akme Fintrade India Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Akme Fintrade India Ltd | 5.85 | 5.85 | 64.65 | N/A | 7.72 | N/A | N/A |
| Mas Financial Services Ltd | 37.18 | 37.18 | 277.83 | 26.47 | 13.55 | 3.54 | Consolidated |
| Shriram Finance Limited | 160.54 | 159.83 | 1162.12 | 14.73 | 13.82 | 2.03 | Consolidated |
| Cholamandalam Investment And Finance Company Ltd | 32.44 | 32.38 | 174.52 | 33.52 | 18.58 | 6.22 | Consolidated |
| Arman Financial Service Limited | 110.47 | 107.28 | 430.61 | 20.99 | 25.65 | 5.23 | Consolidated |
| CSL Finance Limited | 22.02 | 21.4 | 174.85 | 22.7 | 12.59 | 2.78 | Consolidated |
Notes:
- Basic EPS refers to the Basic EPS sourced from the financial results of the respective company for the year ended March 31, 2023.
- The P/E Ratio has been computed based on the closing market price of equity shares on BSE on February 21, 2024, divided by the Diluted EPS.
- Return on Net Worth (RoNW) is computed as net profit after tax (including profit attributable to non-controlling interest) divided by closing net worth. Net worth is computed as the sum of paid-up share capital and other equity.
- The P/B Ratio is computed as the closing market price of equity shares on BSE as of February 21, 2024, divided by NAV as of March 31, 2023.
- Net Asset Value (NAV) per Equity Share is computed as the Total Equity divided by the equity shares outstanding as of March 31, 2023.
- The listed peers are identified based on a similar line of business with Akme Fintrade India Ltd; however, they are not comparable in size to the company.
Strength
Weakness
Contact Details
Akme Fintrade India Limited
AKME Business Centre (ABC),4-5 Subcity Centre, Savina Circle opp, Krishi Upaz Mandi Udaipur,- 313002
+91- 294-2489501
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Akme Fintrade India Limited IPO - FAQs
Ans. Akme Fintrade India Limited IPO is a Mainboard IPO. The issue is priced at ₹114-120 per equity share. The minimum order quantity is 125 Shares. The IPO opens on Jun 19, 2024, and closes on Jun 21, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Akme Fintrade India Limited IPO opens on Jun 19, 2024 and closes on Jun 21, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Akme Fintrade India Limited IPO is 11,000,000 shares(aggregating up to ₹132.00 Cr).
Ans. The Akme Fintrade India Limited IPO price band is set between ₹114-120 per equity share.
Ans. To apply for Akme Fintrade India Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Akme Fintrade India Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Akme Fintrade India Limited IPO is Jun 24, 2024.
Ans. The Akme Fintrade India Limited IPO will be listed on Jun 26, 2024.
Ans. Follow the steps to check the Akme Fintrade India Limited IPO allotment status online.
